On Monday, February 9, 2026, the Board of Directors of T. Rowe Price Group, Inc. (NASDAQ: TROW) announced a quarterly dividend increase from $1.27 to $1.30 per share. The dividend will be payable on March 30, 2026, to shareholders of record as of March 16, 2026. This represents a 2.36% increase over the prior quarterly dividend and marks the 40th consecutive year of dividend increases.
Current Dividend Yield and Income Impact
At Friday’s closing price of $93.76, this increase raises TROW’s forward dividend yield to approximately 5.55%.
As an owner of 70 shares of T. Rowe Price Group, this dividend increase adds $6.26 to my projected annual net dividend income. I was expecting an increase of around 3%, so this came in slightly below expectations—although it is in line with last year’s three-cent increase.
Long-Term Dividend Growth Track Record
T. Rowe Price is a Dividend Champion with a 39-year streak of dividend increases. According to Dividend Champions data, its dividend growth rates are:
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1-year: 2.4%
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3-year: 1.9%
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5-year: 7.1%
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10-year: 9.3%
This recent increase marks the 11th consecutive dividend raise I’ve received from TROW since initiating my position in April 2015. Over that time, the quarterly dividend has grown from $0.52 to $1.30 per share—an increase of approximately 150%, which has been a strong contributor to my income growth.
At the time of writing, TROW represents about 0.66% of my portfolio and contributes approximately 0.93% of my projected annual dividend income. Following this increase, my yield on cost stands at 5.79%.
Quick Valuation Take
T. Rowe Price appears reasonably valued at current levels. While the asset management sector faces headwinds from market volatility and fee compression, the company’s strong brand, debt-free balance sheet, and consistent profitability support its long-term investment case.
Dividend Safety and Outlook
The dividend remains well covered, supported by solid cash flows and a conservative payout approach. T. Rowe Price’s balance sheet strength—particularly its lack of long-term debt—adds an extra layer of safety.
That said, slower earnings growth in recent years is clearly reflected in the more modest dividend increases. Going forward, investors can likely expect low-to-mid single-digit dividend growth unless business momentum improves.
Final Thoughts
While this year’s increase was slightly below my expectations, it continues T. Rowe Price’s impressive track record of rewarding shareholders. The company remains a reliable, high-quality income holding, even if dividend growth has slowed in the near term.
Summary of 2026 Dividend Increases / Cuts
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Full Disclosure: Long TROW
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